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What Analysts Recommend for Dick’s Sporting Goods

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Nov. 26 2018, Published 8:09 a.m. ET

The majority of analysts rate stock as a “hold”

As of November 21, of the 29 analysts covering Dick’s Sporting Goods (DKS) stock, 69% recommend a “hold,” 28% recommend a “buy,” and 3% recommend a “sell.”

In the past 20 days, there haven’t been any target price revisions on DKS stock. Currently, analysts’ 12-month average target price for DKS is $39.05, which implies an 11.3% upside to its price on November 21.

Dick’s Sporting Goods plans to report third-quarter results on November 28. For the quarter, Wall Street analysts have estimated net sales to decline 3.4% to $1.88 billion. The adjusted EPS are expected to plummet 13.3% to $0.26.

The hunting and electronics categories are expected to remain pressured, thereby impacting the top line. Higher investments and shipping costs as the digital business gains momentum could prove a drag on its bottom line and profitability.

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Dick’s is investing in digital and omnichannel capabilities and is working on a leaner supply chain. It expects its private brands’ business to strengthen as it allocates more store space to brands like Top Flite, Walter Hagen, and CALIA. The company remains focused on its Team Sports HQ platform, which it sees as a potential growth catalyst.

Analysts’ ratings for peers

Of the 12 analysts covering Hibbett Sports (HIBB), 67% recommend a “hold,” and 25% recommend a “sell.” On November 1, Susquehanna increased the price target to $17.00 from $15.00. Analysts’ target price for the stock is $23.45, implying a 36.3% upside to the stock price on November 21.

Of the 23 analysts covering Foot Locker (FL), ~57% recommend a “buy,” and 30% recommend a “hold.” There have been several price target revisions for Foot Locker in the past few days since its third-quarter results announcement. On November 21, UBS upped the price target on Foot Locker to $53.00 from $51.00. Telsey Advisory increased FL’s target price to $60.00 from $58.00. Credit Suisse upped its target price to $63.00 from $56.00. The mean target price for Foot Locker is $58.57, which implies a ~10.6% upside.

All of the analysts covering Big 5 Sporting Goods (BGFV) recommend a “hold.” The mean target price of $5.00 implies a 26.6% upside. There haven’t been any target price revisions on the stock in the last 20 days.

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